Whether buying your first home or building the custom home of your dreams, a homeowners insurance policy affords you protection for your home and your property. Choosing the right home insurance can be confusing. We'll gladly help simplify your insurance shopping by comparing insurance carriers and finding you the best coverage favailable. When it comes to selecting an affordable home insurance program, there are a lot of things to consider; the difference between market value, assessed value and replacement value can vary greatly. Our representatives are happy to explain how each value is determined, and assist you to make the best home insurance decision.
Your homeowners insurance policy is a part of your family's overall financial plan. We encourage you to periodically review your homeowners insurance policy and adjust your coverage to meet your ever-changing needs.
Homeowners insurance (HO3) is a package insurance policy that provides coverage for:
- the physical structure of the home
- unattached structures on the property lot
- personal property within the home and away from the premises
- additional living expenses in the event the home is damaged
- bodily injury and property damage for which the insured is legally liable
- no fault medical payments to others as a result of the insured's activities
We highly recommend that you purchase replacement cost coverage for both your home and its contents; and consider scheduling high value items such as jewelry, fine art and collectibles.
We also recommend that you prepare, maintain and continually update an inventory worksheet to document your personal property - anything and everything in your home that's not permanently attached to the dwelling. In addition, we encourage you to photograph or videotape your valuables and retain their sales receipts. In the event of a loss, this information will ensure that your claim is settled promptly and fairly with a minimum amount of effort on your part.
For more information on documenting your valuables, completing a personal property inventory worksheet or scheduling high value items, please contact us.